NATIONAL GRID VIKING LINK LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“These financial statements have been prepared on a going concern basis, which presumes that the Company has adequate resources to remain in operation, and that the Directors intend it to do so, for at least one year from the date the financial statements are signed. As the Company is part of a larger group it participates in the Group's centralised treasury arrangements and so shares banking arrangements with its subsidiaries. The Company is expected to generate positive cash flows in the next twelve months. In addition, the Directors expect to be in a position to draw on intercompany loans, should this liquidity be required for the Company to meet its future obligations as they fall due.”

Significant events

• “In December 2023 the asset entered into commercial operations. Therefore, there has been a significant change in the Company's operating profits as the Interconnector has been operational for the full financial year, compared to only three months in the prior financial year.”
• “During the year, the Company identified a prior year adjustment (note 1(n)) resulting in the restatement of the comparative financial statements and also the financial statements as at 31 March 2023, thus affecting the opening equity of the comparative period.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +901%

  £9,582,000 → £95,913,000

• Cash

  -97.4%

  £5,159,000 → £135,000

• Net assets

  +4.1%

  £907,012,000 → £944,450,000

• Employees

  -47.6%

  21 → 11

• Operating profit

  +1,120.8%

  -£4,093,000 → £41,783,000

• Profit before tax

  +929.5%

  £5,053,000 → £52,022,000

• Wages

  -44.6%

  £8,264,000 → £4,576,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers